Putnam Premier Income Trust is a closed-end fixed income mutual fund launched and managed by Putnam Investment Management, LLC, and co-managed by Putnam Investments Limited. It invests in public fixed income markets worldwide, primarily in U.S. high-grade and high-yield bonds with an average credit quality of BBB by S&P Corporation. The fund benchmarks its portfolio performance against the Barclays Capital Government Bond Index. Formed on February 29, 1988, it is domiciled in the United States.